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Mysteel Iron Ore Index

(Unit: $/dmt, except specified otherwise)

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Notes:
Remarks*: Indian iron ore exports have declined significantly due to the control of iron ore exports of many grades by the Indian authorities. Mysteel will continue to publish Indian iron ore prices for reference so as to ensure the integrity of the pricing data. These, however, are by no means suggesting that transaction, bids or offers have taken place on the day.

1. “Mysteel Iron Ore Index” includes the CFR prices of 62% Fe Australian fines, 58% Fe Australian fines, 65% Fe Brazilian fines and 58% Fe Indian fines.

2. CFR prices are priced in $/dry metric tonne.

3. Payment: L/C payment in the US Dollar.

4. Delivery Period: 2-8 weeks after the L/C issuance.

5. Destination: Mysteel defines Qingdao port as the standard delivery location, and deliveries to ports other than Qingdao will be adjusted accordingly in freight costs. As of now, the freight variations against Qingdao are a $0.15/dmt (Capesize) premium for shipments to Tianjin Port, Jingtang Port, and Caofeidian Port, a $0.34/dmt (Capesize) discount to Beilun Port, and a $0.44/dmt (Capesize) discount to Fangchenggang Port and Zhanjiang Port.

Edited by Leo Gong, gongxiaohui@mysteel.com

Disclaimer: The data is provided only for market reference. Mysteel accepts no responsibilities for consequences caused by usage of the data.

Disclaimer: Mysteel seeks to ensure the accuracy and objectiveness of the data, information and opinions, but does not guarantee whether it needs to make necessary changes. The information that Mysteel provides is only for customers’ decision-making, and will not constitute a direct suggestion for the final decision-making. Customers should not use it to replace their independent judgments and Mysteel accepts no responsibilities for consequences caused by the usage of the data. The copyright of this report belongs to Mysteel and this report is exclusively used by Mysteel’s customers. If you need to use it, please contact +65 6653 8227 for applying for the authorization. Any form of spreading, publishing or copying this report without the permission of Mysteel is strictly forbidden. Mysteel reserves the right to sue for any infringement of copyrights and the use of this report against its original intention.